The end to supplemental payments and a rising number of Covid-19 infections could knock multifamily down a few notches.

The key word in JLL's economic projection is uncertainty—about the pandemic and how the government will react to it.

The fund will facilitate the creation of 650 units for seniors and families in states including Arizona, Texas, North Carolina and Florida.

The $2 billion luxury development was able to work through the pandemic and restrictions to stay on schedule for its end-of-year opening.